Microsoft Q4 Earnings: In Line, But Guidance Is Light (MSFT)

Release out. Microsoft's Q4 is mostly in line with consensus - thought it missed EPS by a penny. Guidance for the next quarter is a little light. And the online business continues to underwhelm: Q4 revenue was up 18%, but a third of that came from the aQuantive acquisition. Meanwhile losses more than doubled. OVer the last year Redmond has burned another $1.2 billion while trying to figure out the Web.

We are unable to access the conference call - we're either blaming our idiocy or an anti-Mac conspiracy - but PaidContent's Joe Weisenthal is able to get some kind of audio. You can read his notes here.